Franchise business targeted to grow 10%-15% this year


KUALA LUMPUR: Malaysia, which wants more local franchise companies to venture overseas, is targeting an increase of between 10% and 15% in the business for this year.

Deputy Minister of Domestic Trade, Co-operative and Consumerism Datuk Rohani Abdul Karim said that to date, 47 local franchise companies had penetrated the international market with 1,424 outlets in 50 countries.

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